News
Govt tightens rice quality norms for PDS; move may free millions of tonnes of broken rice for ethanol
4+ hour, 16+ min ago (489+ words) The limit for broken grains in raw rice has been cut from 25% to 10%, while parboiled rice will now contain a maximum of 5% broken grains instead of 16%. The government said procurement of the improved-quality rice will begin immediately. The Union Cabinet…...
Axis Mutual Fund launches Axis Nifty50 Equal Weight Index Fund; NFO opens on July 3
1+ hour, 41+ min ago (263+ words) The Nifty50 Equal Weight Index represents an alternative to the traditional market capitalization weighted Nifty 50 Index. Axis Mutual Fund has announced the launch of Axis Nifty50 Equal Weight Index Fund. The NFO opens on July 3, 2026, and closes on July 17, 2026. An open-ended scheme…...
Maruti, Tata Motors PV, M&M drive robust June sales; analysts see domestic demand holding up
7+ hour, 58+ min ago (519+ words) Macquarie, in a note, said that demand momentum remained strong in June, led by passenger vehicles while two-wheeler sales remained firm. Global investment firms gave a thumbs-up to June auto sales data. | Image: PTI Passenger vehicle sales in the country…...
Employees' Pension Scheme (EPS) 2026 Explained: Eligibility, Benefits, and Key Changes
3+ hour, 18+ min ago (1134+ words) Written by Mariyam Sara The EPS 1995 scheme has been replaced by the Employees' Pension Scheme (EPS) 2026, which operates under the framework of the Code on Social Security, 2020. The EPS 2026 was introduced to simplify pension rules, provide transparency in pension processes,…...
MCX gold and silver hit six-month low in June amid firmer US yields, strong dollar: Here's what experts think
3+ hour, 18+ min ago (967+ words) Precious metals gold and silver prices declined to around a six-month low in June 2026, amid a strong dollar, firmer US yields, expectations of the US Fed increasing interest rates during the year, and uncertain geopolitical conditions. Gold futures for expiry…...
FPI selling spree continues: Foreign investors pull out "49, 340 crore from Indian equities in June
5+ hour, 8+ min ago (454+ words) According to the data, FPIs remained net sellers in every month of 2026 except February. | Image: Shutterstock With the latest outflows, total withdrawals by Foreign Portfolio Investors (FPIs) from Indian equities have surged to "2. 7 lakh crore so far in 2026, surpassing the…...
Vedanta group stocks on a roll; Oil & Gas jumps 14%, Iron & Steel hits 10% upper circuit again
7+ hour, 37+ min ago (735+ words) The four demerged companies made their stock market debut on June 15, 2026, following the demerger of Vedanta Ltd. Image: Shutterstock Vedanta group stocks stayed firmly in demand on Thursday, July 2, continuing their sustained rally. The four newly carved-out Vedanta entities, Vedanta…...
Invesco Mutual Fund launches Summit Equity Long-Short Fund under SIF; NFO opens today
6+ hour, 52+ min ago (327+ words) Invesco Mutual Fund has launched the Summit Equity Long-Short Fund under its new Summit SIF platform. The NFO is open from July 2 to July 16, 2026, with a minimum investment of "10 lakh. The New Fund Offer (NFO) opens on July 2, 2026, and will…...
Specialty chemical makers to see 6% revenue growth this fiscal; margins under pressure: Crisil
6+ hour, 34+ min ago (634+ words) India's specialty chemical industry is expected to see revenue growth slow to around 6% in FY27 from nearly 8% in each of the previous two years. Crisil said the impact on profitability would vary across companies depending on their exposure to different raw…...
EPFO's new schemes: PF, pension claims to be settled in 20 days; 12% penalty for delays
7+ hour, 29+ min ago (351+ words) The Labour Ministry has notified new EPFO schemes under the Social Security Code, mandating a 20-day timeline for PF, pension and insurance claims. Officials may face 12% penal interest for delays. Employees and employers will continue to contribute 12% of the employee's…...